Vail Resorts, Inc. Reports Certain Ski Season Metrics for the Season-to-Date Period Ended January 8, 2017
January 13, 2017 at 08:00 am EST
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Vail Resorts, Inc. reported certain ski season metrics for the season-to-date period ended January 8, 2017. Season-to-date total lift ticket revenue at the company's North American mountain resorts, including an allocated portion of season pass revenue for each applicable period, was up 4.3% compared to the prior year season-to-date period. Season-to-date ski school revenue was up 1.5% and dining revenue was down 6.4% compared to the prior year season-to-date period. Additionally, retail/rental revenue for North American resort store locations was down 2.0% compared to the prior year season-to-date period. Season-to-date total skier visits for the Company's North American mountain resorts were down 13.2% compared to the prior year season-to-date period. The 2016/2017 ski season got off to a slow start across U.S. resorts due to poor early season conditions that reduced visitation, particularly among local guests.
Vail Resorts, Inc. is a network of destination and close-to-home ski resorts, including Vail Mountain, Breckenridge, Park City Mountain, Whistler Blackcomb, Stowe, and 32 additional resorts across North America; Andermatt-Sedrun and Crans-Montana Mountain Resort in Switzerland; and Perisher, Hotham, and Falls Creek in Australia. It owns and manages hotels under the RockResorts brand, a portfolio of vacation rentals, condominiums and branded hotels located in close proximity to its mountain destinations, as well as the Grand Teton Lodge Company in Jackson Hole, Wyo. The Mountain segment includes the operations of its Mountain resorts/ski areas and related ancillary activities. The Lodging segment includes the operations of its owned hotels, RockResorts, NPS concessioner properties, condominium management, Colorado resort ground transportation operations and mountain resort golf operations. The Real Estate segment owns, develops and sells real estate in and around its resort communities.